From Bloomberg Markets and Finance.
A struggle by investors to predict President Donald Trump’s mercurial policies set trading records at Wall Street banks in the first quarter. But as industry leaders looked ahead, they had no great answers and scant optimism for what’s to come.
The trio of lenders — JPMorgan, Wells Fargo & Co. and Morgan Stanley — each beat earnings estimates before describing the nervous behavior of consumers and corporations. All three stocks jumped in early trading only for those gains to fade or turn to losses once markets opened.
Bloomberg News Chief Wall Street Correspondent Sridhar Natarajan and Bloomberg Intelligence Senior Analyst for Global Investment Banks & Asset Managers Alison Williams join Bloomberg Businessweek Daily to discuss their thoughts on todays bank earnings and why they aren’t worried for big banks yet.
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